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To: dougjn who wrote (6444)12/14/1997 5:22:00 PM
From: SKIP PAUL  Read Replies (1) | Respond to of 152472
 
The answer is not that obvious. The compensation arrangement to the salesman who brought the deal is not known also there could be R&D expenses tied to the royalty stream. I think Mr. white can be taken at face value if he said it is not going to be significant. He knows the deals better than any of us will ever know.



To: dougjn who wrote (6444)12/14/1997 5:37:00 PM
From: Dan Ross  Read Replies (2) | Respond to of 152472
 
I will calculate the net effect from Korea on Thursday when I am done with finals...Sorry but I can't think about it til then...Hopefully some analysts are doing that this weekend....

My guesstimate is a net effect of somewhere close to .15 per share....royalties from other countries will increase too folks...someone mentioned this....but those royalties are independent of korea...that is why it is actually quite simple to calculate it....

Dan Ross



To: dougjn who wrote (6444)12/14/1997 6:44:00 PM
From: SKIP PAUL  Read Replies (1) | Respond to of 152472
 
I have done a little more research on the debt level of Korean companies. I understand that most of the loans are made by Korean banks and Korean banks are owned by The korean govt. One could say that these loans are actually equity investments by the Korean Govt and not actually debt. More later.